Byteball Bytes Price in INR (GBYTE to INR)

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Byteball Bytes Price in India

Byteball is a cryptocurrency created by Anton Churyumov. It has the particularity of being distributed free to the holders of bitcoins and bytes. The first distribution took place on a full moon day on December 24, 2016. Since the distribution is done every month, the day of the full moon. Its purpose is to be a currency, just like Bitcoin. This new form of distribution aims to spread the currency very widely to quickly become known.

GBYTE price in September 2017

At an initial price of 24,572 INR on 1 September 2017, GBYTE drastically moved downwards to 16,685 INR on 30 September 2017.

GBYTE price in October 2017

GBYTE began at 16,851 INR on 1 October 2017 and finally experienced a downturn at 13,881 INR on 30 October 2017.

GBYTE price in November 2017

GBYTE was 14,410 INR on 1 November 2017 and slowly moved up to 15,359 INR on 30 November 2017.

GBYTE price in December 2017

GBYTE started off at 16,411 INR on 1 December 2017 and finally rose up as high as 43,559 INR on 29 December 2017.

GBYTE price in January 2018

GBYTE started off at INR 49,334.78 on 1 January 2018 and dipped low to INR 38,250.91 on 31 January 2018.

GBYTE price in February 2018

GBYTE started off at INR 38,017.41 on 1 January 2018 and fell down again to INR 28,525.83 on 27 February 2018.

About GBYTE:

The new generation of cryptocurrencies based on DAG pushed its way: Another example of these tokens is Byteball, a coin without blockchain or mining transactions fast and immutable, one can hide or confirm with a third party at will. The Byteball team tries to solve the problems faced by Bitcoin while distributing their coins in a rather special way: they do not give them better Bitcoin tap 2017. No Blockchain, no Miners

Unlike blockchain, DAG is formed by new transactions. Each of them refers to the parent operations by signing their hash and integrating them. This forms a transaction tree where each of them is confirmed and immutable Bitcoin account number. There is no probabilistic completeness: if a transaction has made to the main channel, it is there forever.

The very name Byteball refers to the resemblance between the operation of a DAG network and a snowball. New transactions are always above the old ones, confirming them and reinforcing their place in the "main tree" of the network.

The elimination of mining as such (which involves both PoW and PoS) is another distinguishing feature of Byteball.